Succession to Capital Accounts. In the event any Person becomes a Substitute Member in accordance with the provisions of this Agreement, such Substitute Member shall succeed to the Capital Account of the former Member (the “Transferor Member”) to the extent such Capital Account relates to the Transferred Units.
Appears in 44 contracts
Samples: Limited Liability Company Agreement (TWFG, Inc.), Limited Liability Company Agreement (TWFG, Inc.), Operating Agreement (Falcon's Beyond Global, Inc.)
Succession to Capital Accounts. In the event any Person becomes a Substitute Member in accordance with the provisions of this Agreement, such Substitute Member shall succeed to the Capital Account of the former Member (the “Transferor Member”) to the extent such Capital Account relates to the Transferred Units.
Appears in 16 contracts
Samples: Operating Agreement (Rocket Companies, Inc.), Operating Agreement (Clear Secure, Inc.), Operating Agreement (Clear Secure, Inc.)
Succession to Capital Accounts. In the event any Person becomes a Substitute Substituted Member in accordance with the provisions of this Agreement, such Substitute Substituted Member shall succeed to the Capital Account of the former Member (the “Transferor Member”) to the extent such Capital Account relates to the Transferred UnitsUnits transferred.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Alvarium Tiedemann Holdings, Inc.), Limited Liability Company Agreement (Tiedemann Michael), Limited Liability Company Agreement (Figdor Drew)
Succession to Capital Accounts. In the event any Person becomes a Substitute Member in accordance with the provisions of this Agreement, such Substitute Member shall succeed to the Capital Account of the former Member (the “Transferor Transferring Member”) to the extent such Capital Account relates to the Transferred Units.
Appears in 6 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Virtu Financial, Inc.), Limited Liability Company Agreement (Virtu Financial, Inc.)
Succession to Capital Accounts. In the event any Person becomes a Substitute Substituted Member in accordance with the provisions of this Agreement, such Substitute Substituted Member shall succeed to the Capital Account of the former Member (the “Transferor Member”) to the extent such Capital Account relates to the Transferred Units.Units transferred. (c)
Appears in 1 contract
Samples: Limited Liability Company Agreement (AlTi Global, Inc.)
Succession to Capital Accounts. In the event any Person becomes a Substitute Member in accordance with the provisions of this Agreement, such Substitute Member shall succeed to the Capital Account of the former Member (the “Transferor Member”” ) to the extent such Capital Account relates to the Transferred Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Milan Laser Inc.)
Succession to Capital Accounts. In the event any Person becomes a Substitute Member in accordance with the provisions of this Agreement, such Substitute Member shall succeed to the Capital Account of the former Member (the “Transferor Member”) to the extent such Capital Account relates to the Membership Interests Transferred Unitsto such Substitute Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (KBS Real Estate Investment Trust, Inc.)
Succession to Capital Accounts. In the event any Person person becomes a Substitute substituted Member in accordance with the provisions of this Agreement, such Substitute substituted Member shall succeed to the Capital Account of the former transferor Member (the “Transferor Member”) to the extent such Capital Account relates to the Transferred Unitstransferred interest (or portion thereof).
Appears in 1 contract
Samples: Operating Agreement
